The trader community in Pakistan has been struggling to stay afloat as the administration has been imposing heavy taxes on every essential commodity because of an ongoing economic crisis.
Rafillah Afridi, a local resident, highlighted that the local people have been suffering from every crisis imaginable, because of the unavailability of health, education, communication and employment opportunities.
They said that China's support for the junta and its planned election "undermines the will of the Myanmar people, deepens the people's suffering and prolongs the crisis."
Education loans, primarily those to fund courses overseas, will continue to be among the fastest-growing segments for non-banking financial companies (NBFCs) because of rising demand for higher education, said Crisil Ratings.
Pakistani senators have denounced the government's recent decision to grant security forces special powers under an amended Anti-Terrorism Act. The new regulations, endorsed by the federal cabinet, enable extensive detention authority for up to three months and warrantless home searches, spa
Amid a declining property market in China, regional banks are offloading non-performing real estate loans despite government pressure to support the housing sector. As of June 2024, non-performing industrial loans at local banks surged, prompting significant asset sales to manage bad debts.
India has repeatedly extended help to different countries across the world, during crisis situations and in many cases, by acting as the first responder.
Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes its tax revenue, hence, the country is forced to rely on its internal borrowing for survival.
Pakistan is currently facing a significant education crisis with a staggering 25.3 million children aged 5 to 16 out of school, representing 36 per cent of the country's school-age population. Moreover, rural areas are particularly the worst affected, with the highest deficit in enrollment.
Hong Kong's renowned property market, once a beacon of the city's financial prowess, is experiencing a substantial downturn. Property revaluations are revealing significant declines in profits, while demand for properties continues to wane due to an ongoing affordability crisis.